Analyst Who Predicted Trump’s Ascendancy Bets on Le Pen Win
- Undecided voters bad news for Macron, says GaveKal’s founder
- Recommends overweight sterling, large-caps; bond shorts
How Will Markets React to Elections in France?
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Don’t bank on a relief rally in the euro area anytime soon.
Markets are underpricing the prospect of Marine Le Pen emerging victorious in the French election as a sea of undecided voters throws into sharp relief pronounced apathy for center-leftist Emmanuel Macron -- the front-runner by a whisker -- and the backlash against the European Union project.
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Analyst Who Predicted Trump’s Ascendancy Bets on Le Pen Win